Wednesday, February 16, 2011

Obama vs The Tea Party - the $60 billion line in the sand

The first barroom brawl is nigh. The TP wants to cut $60 billion from the current federal budget, while the Prez has threatened his first veto.

The $$$ might seem puny compared to a budget that is $3.7 trillion, representing barely 2%. However, this is a rare act of chutzpah, since cutting the budget via a continuing resolution is unheard of on Capitol Hill.

I am delighted that the TP seems to be the driving force in Congress (at the moment, anyway). Question: who will blink first when these 2 forces go toe-to-toe?

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